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Wire Information


Incoming Wire/ACH Payments

Summary

Incoming wire/ACH payments are funds electronically transferred into the University's bank account. These funds are dispersed by the Electronic Funds Coordinator. If the Electronic Funds Coordinator has not received an Wire/ACH Claim Form with the requested deposit information, the funds are put into an Unclaimed Wire/ACH Funds spreadsheet which is sent out weekly for departments to review. Please notify the Electronic Funds Coordinator (540-568-7907) if you would like to receive this spreadsheet.

If you are expecting an incoming wire/ACH payment, please complete the Wire/ACH Claim Form. This will help expedite the deposit of funds into your departmental account.

If you should have already received wire/ACH payment funds into your account, please review our Unclaimed Wire/ACH Funds section. If you locate the funds you were missing, please complete a Wire/ACH Claim Form to request the funds.


Definitions

  • Automated Clearing House (ACH): A domestic electronic funds transfer system. The National Automated Clearing House (NACHA) is responsible for maintaining and policing the electronic payments network. 

  • Electronic Funds Transfer (EFT): The movement of funds from one bank account directly into another without the use of cash or paper checks. ACH and wire transfers are two methods of EFT's. 

  • Wire Transfer: A same day transfer of funds between financial institutions processed through the Federal Reserve's Fedline system. International wires may be processed through the Society for Worldwide Interbank Financial Telecommuications (S.W.I.F.T.).

Locate Unclaimed Wire/ACH Funds


Instructions

Unclaimed Wire/ACH Funds (Spreadsheet)

Review this spreadsheet when you should have received an incoming wire/ACH payment, but it was not deposited into your account. If you locate the payment on this page, please complete the Incoming Wire/ACH Form.

If you have any questions or need help locating a payment, please contact the Electronic Funds Coordinator (kisertl@jmu.edu, 540-568-7907).


Last Modified: 4/24/2014
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